NVDA: Will This Reversal Zone Hold or Collapse? Key Levels to Wa📊 Market Structure & Trend Analysis
* NVDA is trading within a descending channel, with lower highs and lower lows defining the structure.
* The price has entered a key reversal zone but remains below the resistance trendline.
* A potential breakout above $110 could signal a shift in momentum.
📍 Support & Resistance Levels
* Resistance Levels:
* $110 – Short-term resistance, within the rejection zone.
* $126-$130 – Major CALL resistance zone, confirmed by GEX data.
* $134.94 – Highest resistance from previous structure.
* Support Levels:
* $105 – Immediate support, aligning with high negative GEX (PUT Wall).
* $100 – Psychological support level.
* $95-$90 – Deep support zone, if NVDA fails to hold current levels.
🌀 GEX & Options Data Insights
* 📊 Call Resistance at $130-$135: Strong gamma resistance could limit upside.
* 🔻 Negative GEX at $105: This suggests a high concentration of PUTs, making it a potential support zone.
* 📈 Implied Volatility (IV):
* IV Rank: 51.6 (Moderate)
* IVx Avg: 72.3 (Currently low, meaning options are relatively cheaper)
* Call Activity: 14.7%, indicating weak bullish participation.
* 🔺 Bullish Breakout Target: If NVDA moves above $110, potential upside towards $126-$130.
* 🔻 Bearish Breakdown Target: If NVDA fails to hold $105, it may test $100 or lower.
🎯 Trade Setups
🔵 Bullish Scenario (Breakout Above $110)
* Entry: Above $110 with volume confirmation.
* Targets: $126, $130.
* Stop-Loss: Below $105.
🔴 Bearish Scenario (Rejection at $110)
* Entry: Below $109 after confirmation.
* Targets: $105, $100.
* Stop-Loss: Above $112.
⚠️ Final Thoughts & Risk Management
* NVDA is at a critical juncture – a breakout could push it toward higher resistance zones, but failure here may lead to a retest of $100.
* Monitor volume and momentum indicators (MACD, RSI) for confirmation.
* Options flow suggests a weak bullish push, so careful position sizing is key.
📌 Disclaimer: This analysis is for educational purposes only. Always do your own research and manage risk appropriately. 🚀
